RTGS Timings Changed: Here’s Details On Revised Operating Hours

Bhubaneswar: Transferring funds will now be easier for bank customers as the Reserve Bank of India (RBI) increased the operating hours for Real Time Gross Settlement (RTGS) System.

As per official sources, the revised RTGS time window has come to effect from today.

Now customers can transfer funds through the RTGS system from 7 am instead of 8 am from today. Earlier, the RTGS system was available for customer transactions from 8:00 am to 6:00 pm and for inter-bank transactions from 8:00 am to 7:45 pm.

The RTGS time window with effect from August 26, 2019 is now:

1. Open for Business 07:00 hours
2. Customer transactions (Initial Cut-off) 18:00 hours
3. Inter-bank transactions (Final Cut-off) 19:45 hours
4. IDL Reversal 19:45 hours - 20:00 hours
5. End of Day 20:00 hour

Earlier, the RBI had increased timings for the RTGS payment system by one-and-a-half hours to 6 pm in June this year.